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December 27, 2021 Politics
Bloomberg Britain’s Labour Party has an eight-point lead over Prime Minister Boris Johnson’s Conservatives, according to a poll commissioned by the Sunday Times. The survey of almost 25,000 people, with a breakdown of each constituency, found Labour with enough support to win a general election with 338 seats to the Conservatives’ 237, enough for a 26-seat Labour majority, the ...
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December 27, 2021 Politics
Bloomberg German Chancellor Olaf Scholz’s foreign policy adviser Jens Ploetner and Russia’s Ukraine negotiator Dmitry Kozak agreed to meet next month to try to reduce tensions over Ukraine, Reuters reported, citing an unidentified German government source. Germany wants to quickly revive the “Normandy format,†referring to multilateral talks involving Ukraine, Russia, France and Germany, the person told Reuters. The ...
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December 27, 2021 International News, Uncategorized
Bloomberg US consumers took a breather in November a month after an early holiday spending surge, but that pause risks becoming more lasting if Americans pull back when faced with both the fastest inflation in decades and the omicron variant. Purchases of goods and services, after adjusting for higher prices, were little changed following a solid 0.7% gain in ...
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December 27, 2021 International News, Uncategorized
Bloomberg Canada plans to formally join Mexico in calling for an arbitration panel to resolve a dispute with the US over how to interpret rules governing the origin of vehicle parts. The two countries expect to request in the first days of January the creation of a tribunal of experts to rule on the matter as allowed under the ...
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December 27, 2021 International News, Uncategorized
Bloomberg Rishi Sunak announced a billion pounds ($1.3 billion) of support for UK hospitality businesses struggling with slumping demand triggered by a record wave of Covid-19 infections, as he declined to rule out further curbs to tackle the fast-spreading omicron variant. Restaurants and other eligible hospitality and leisure businesses will be able to claim cash grants worth up to ...
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December 27, 2021 International News
Bloomberg Oracle Corp agreed to acquire medical-records systems provider Cerner Corp for about $28.3 billion, a deal that would add a broad customer base in health care industry to bolster software maker’s cloud-computing and database businesses. The all-cash transaction, Oracle’s biggest-ever deal, will see Oracle pay $95 a share, the companies announced Monday in a statement. The price represents ...
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December 27, 2021 International News, Uncategorized
Bloomberg Intel Corp’s global push to increase capacity will include adding facilities in France and Italy, as well as putting a major production site in Germany. France will be home to a research and design center, and Italy will be the location of a test and assembly factory, according to the people, who asked not to be identified because ...
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December 27, 2021 Stocks
Bloomberg Calm has finally come to a stock market that for weeks had been swinging violently. Bulls who hung tough are ending the year on firm footing after a frenzied off-loading of risk by the professional speculators. December’s big sellers were hedge funds, which, chastened by wrong-way bets on high-flying software companies, spent the month slashing high-momentum trades. It ...
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December 27, 2021 Stocks
Bloomberg The winning streak for Indian stocks is losing momentum as sentiment sours on the prospect of tighter monetary policy and smaller stimulus spending in the coming year. India’s benchmark S&P BSE Sensex has slumped 3.6% since the end of September, halting a rally that ran for six straight quarters and doubled the index’s value. Since reaching a record ...
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December 26, 2021 Local News
Abu Dhabi / WAM The Abu Dhabi Labour Court has successfully secured the payment of the financial dues of 2,794 workers in 4 companies, amounting to a total of AED40 million. The court took prompt legal measures and ended the disputes by moving directly to the workers’ place of residence onboard the mobile court, to hand over their financial ...
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